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5440 California Avenue SW

Seattle, WA 98136
  • $2,000,000
  • STATUS: Sold
  • ON SITE: 127 days
  • ID#: 1740139
Sold - 07/27/2021
$2,000,000
SOLD - 07/27/2021
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:
Area:

School Ratings & Info

Listing Courtesy of Berkshire Hathaway Hs Nw.

Description

Amazing investment in excellent West Seattle location with NEW Multi Year/Multi Term NNN Lease (Started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Current tenant (Canna) is a well established 502 Cannabis Store and the building has been extensively upgraded for 502 compliance. This pristine property is Zoned NC240 (Excellent future development potential) and is strategically located on California Avenue. Very Rare Opportunity!

Listing by Tracy E. Harris. Sold by The Preview Group.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-29T08:13:24.73.

www.frontstreetrealty.com/homes/115400951
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5440 California Avenue SW Seattle, WA 98136

  • Price: $2,150,000
  • Status: Sold
  • Updated: 78 min ago
  • ID#: 1740139
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1923
Built
Neighborhood:
Alaska Junction
County:
King
Area:
West Seattle
Property Description
Amazing investment in excellent West Seattle location with NEW Multi Year/Multi Term NNN Lease (Started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Current tenant (Canna) is a well established 502 Cannabis Store and the building has been extensively upgraded for 502 compliance. This pristine property is Zoned NC240 (Excellent future development potential) and is strategically located on California Avenue. Very Rare Opportunity!
Exterior Features

Carport YN No Construction Methods Standard Frame Covered Spaces 2 Exterior Features StuccoWood Foundation Details Poured Concrete Open Parking YN No Parking Total 10 Parking Uncovered Total 8 Roof Composition Site Frontage 50 Structure Type Retail Style Code 75 - Retail Topography LevelSloped

Interior Features

Fireplace YN No Furnished Unfurnished Heating Cooling Type Forced Air

Property Features

Electric On Property YN No First Right Of Refusal False Gross Adjusted Income 188052 Gross Scheduled Income 188052 Insurance Expense 3893 Irrigation Water Rights YN No Listing Terms Cash Out Lot Number 9 Net Operating Income 174000 Possible Use Multi-FamilyOfficeResidential Power Production Type Natural Gas Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 9894 Tax Year 2021 Total Expenses 14052 Utilities Sewer ConnectedNatural Gas Connected Water Source Public Zoning Class Multi-FamilyOfficeResidential Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Front Street Realty and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-29T08:13:24.73.

 
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Front Street Realty
22 NW Front Street Suite B
Coupeville WA, 98239
Listing Courtesy of Berkshire Hathaway Hs Nw.